Kim Keating is the president of the St. John’s Board of Trade this year.
In her Telegram column on Saturday, Keating offered some advice to the provincial government about the upcoming budget and taxes. “As the voice of business, the St. John’s Board of Trade does not support tax increases.”
Funny that.
A couple of years ago, the Board of Trade enthusiastically supported a new tax called Muskrat Falls. The whole scheme is premised on raising electricity rates in the province to pay for the deal and to generate sizeable profits for the companies involved. The profit for Nalcor is supposed to go to the provincial government to help pay for government services.
So maybe what Kim said wasn’t entirely inside the Ring of Veracity. The Board of Trade likes some taxes. Like say ones where its members can make crap-loads of money from government procurement.
